9-4-817. Deposits by political subdivisions; selected institutions; security; withdrawals.
(a) To the extent they are not otherwise invested, the monies collected and held by a treasurer of a political subdivision, municipality or special district within this state shall be deposited in banks which qualify as depositories for public monies as specified in W.S. 9-4-803(a).
(i) Repealed by Laws 2017, ch. 98, § 2.
(ii) Repealed by Laws 2017, ch. 98, § 2.
(iii) Repealed by Laws 2017, ch. 98, § 2.
(iv) Repealed by Laws 2017, ch. 98, § 2.
(b) In depositing the monies in the financial institutions authorized by subsection (a) of this section, the treasurer shall select the institution:
(i) Repealed By Laws 1996, ch. 112, § 3.
(ii) Designated as a depository by the proper governing board.
(c) The deposits made pursuant to this section shall be made to the extent that they are:
(i) Fully insured by the Federal Deposit Insurance Corporation; or
(ii) Secured, in accordance with this article, by a pledge of collateral or the furnishing of a surety bond.
(d) Any bank, savings and loan association or federal savings bank, located in the state, may apply to keep the monies upon the following conditions:
(i) All deposits are subject to payment when demanded by the proper treasurer on his check, order or demand, except that all funds deposited on time deposit, open account shall be withdrawable, under W.S. 9-4-809;
(ii) All funds deposited in a savings deposit account shall be withdrawable upon demand provided that the bank or savings and loan association may at any time require giving of notice in writing of an intended withdrawal of thirty (30) days before a withdrawal is made;
(iii) Interest shall be paid upon the amount deposited which constitutes a time deposit, open account;
(iv) All deposits are also subject to regulations imposed by law.
Structure Wyoming Statutes
Title 9 - Administration of the Government
Article 8 - Deposits and Depositories
Section 9-4-801 - Board of Deposits; Creation; Composition; Records; Meetings; General Duties.
Section 9-4-805 - Deposit of State Money in Approved Depositories; Other Acceptable Security.
Section 9-4-806 - Deposit of State Money in Approved Depositories; Bank Resolution.
Section 9-4-808 - Deposit of State Money in Approved Depositories; Responsibility for Collateral.
Section 9-4-809 - "Time Deposit, Open Account"; Definition.
Section 9-4-810 - "Time Deposit, Open Account"; Rate of Interest on Public Funds.
Section 9-4-811 - "Time Deposit, Open Account"; Payment of Interest; Accounts of Monies.
Section 9-4-812 - Withdrawals of State Funds; Liability of Treasurer for Money or Bond Loss.
Section 9-4-814 - Sale of Collateral.
Section 9-4-815 - Recovery of Penalties on Bonds.
Section 9-4-816 - Deposits by Political Subdivisions; "Proper Governing Board" Defined.
Section 9-4-817 - Deposits by Political Subdivisions; Selected Institutions; Security; Withdrawals.
Section 9-4-821 - Deposits by Political Subdivisions; Security in Lieu of Surety Bonds.
Section 9-4-824 - Liability of Local Treasurers for Money Loss; Power to Withdraw Funds.
Section 9-4-827 - Joint Custody Agreement for Securing Local Deposits; Form for Receipts.